Mortgage Updates
Here you will find the latest updates in the mortgage industry.
California Home Loan Tip: Can't keep up with all the changes in them mortgage industry? With all the information out there and the constant changes to guidelines, it is important to stay in contact with your Mortgage Consultant for the latest updates if you are thinking of buying real estate or refinancing your current mortgage.
Making Home Affordable
Lowest Fixed Rate
Mortgage Default
Freddie Mac: Updates for the 2nd largest mortgages GSE in the country
Loan Modification: Adjustments to interest rates and/or principal
Mortgage Aid Program: Gov't effort to prevent foreclosure
California Home Loan Tip: Do you want to pay down your home loan balance faster? No need to sign up with additional services, just make 1-2 extra payments per year and you will take years of your mortgage. There are many companies that want you to think that you need to sign up with a service to pay down your home loan, however that is simply not true. Some lenders do offer the option of paying bi-weekly but if you your lender does not offer it, no big deal. Just make an extra payment during the year and you'll achieve the same thing.
Wall Street Bailout: What happened with the recent Wall Street Bailout
Mortgage Reform Bill Vetoed: Gov. Schwarzenegger vetoed AB 1830 today
Wachovia Exits Wholesale Lending: No more wholesale lending for Wachovia
Mortgage Rescue Plan: Government comes to terms on a bailout plan
California Mortgage Bailout: The bailout of the GSEs
CAMB: California Association of Mortgage Brokers information
NAMB National Association of Mortgage Brokers information
Mortgage Resets: Mortgage resets and how they affect you.
Lender Says Sell: When your lender says sell the property.
Wachovia Ends POA: Wachovia ends their Pick-A-Pay (aka. pay-option-arm) product.
Senate Bill Tax Credit: Tax credits for First Time Home Buyers.
Agency Bond Yields: Movement in bond yields.
Wells Fargo Updates: Updates to the loan programs at Wells Fargo.
HUD Extends: HUD extends comment period.
FHA GSE Bill: FHA GSE reform bill.
CAMB PHOI: CAMB reaches out to help those in need.
Secretary Hank Paulson: Find out what the latest views are from Mr. Paulson
California Senate Bill 1137: New California home loan requirements for lenders
California Home Loan Limits: California representatives request congress not to lower the home loan limits for GSEs in high cost areas.
Fannie Gets Support: Hank Paulson only offers verbal support for the nations largest investor in mortgages.
California Home Loan Tip: Be sure to ask your Mortgage Consultant to provide you multiple loan program options. There maybe a loan program you are not aware of that may suit your needs better then what you originally thought. Having extra options when considering a home loan is always a good idea. You may discover there is a loan scenario out there that you did not know about. Saving money and matching your needs are key to finding the right home loan.
Fed and the Mortgage Mess: What the Fed is doing to try and fix the mortgage mess.
Indy Mac Wholesale: Indy Mac closes it's doors to mortgages
Govt Saves Fannie: The Treasury steps in to sure up the GSE
Bank Failure: Fear of future bank failures
Bernanke July 2008: Ben Bernanke's testimony before congress on the state of the US economy.
Foreclosure Relief: California passes bill to provide foreclosure relief to thousands of Californians.
Dollar-Mortgage: Dollar drops to it's lowest level on further weakness in the mortgage market
NAMB-HOEPA: NAMB supports the Feds latest move
Wachovia Raid: Wachovia auction division raided today.
California Super Jumbo Home Loans: We offer Super Jumbo Loan programs
California Home Loan Tip: When looking for your next home loan, be sure to ask all the right questions. If you don't understand something....ask again! It is important you have all the information needed to make a wise decision. Closing a loan that you don't understand is a bad thing to do. It's important that you fully understand the terms of your loan and to do that you need to ask questions.
California Home Loan Lenders: What to look for when looking for a California home loan lender.
How to Keep your Bad Credit Score from Going Lower: Steps you need to take to prevent your score from going lower.
Fully Amortized Note: Understanding what your Fully Amortized Note says.
Promissory Note: Learn what a Promissory Note is.
Types of Promissory Notes: Different types of Promissory Notes.
Negotiable Instruments: What is a Negotiable Instrument?
California Home Loan Tip: Are you sure that is a 30-year fixed rate mortgage? It's not un-common for people to confuse a "30-Year Loan" with a "30-Year FIXED RATE Loan". Just because someone says it's a 30-year loan, don't assume you're fixed for the 30-years. Ask the following to be sure: Does my rate ever change during this period?
A Bad Credit Loan to Get You Out of Debt: Bad credit can be difficult to deal with but there are options.
Home Equity Loans from Online Websites: Obtaining your next Home Equity Loan online.
Real Estate Mortgages from an Online California Mortgage Lender: California mortgage lenders provide options for all.
Bad Credit California Home Loan: Know your options if you have bad credit before you obtain your next California Home Loan
How to Miss a Good Loan: Understanding what makes up a good loan.
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